Sen. Tartaglione Says PA Minimum Wage Should be $10.10/Hour

State Sen. Christine M. Tartaglione said today she will replace her proposal to increase Pennsylvania’s minimum wage to $9 an hour with a new bill that would increase it to $10.10 by 2016. Minimum wage increases under Senate Bill 1300 would
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16% Of Natural Gas Consumed in Europe Flows Through Ukraine

Source: U.S. Energy Information Administration, IHS EDIN, and International Energy Agency Republished March 14, 2014 Ukraine's geographic position and proximity to Russia explain its importance as a natural gas and petroleum liquids transit country. Approximately 3.0 trillion cubic feet (Tcf) of natural gas flowed through Ukraine in 2013 to Austria, (more...)

The Importance of IMF Reforms to Support Ukraine

This blog post by Anthony Reyes, the new media specialist at the U.S. Department of the Treasury, was published on the Treasury Department website on March 6. The Importance of IMF Reforms to Support Ukraine By Anthony Reyes Given the events unfolding in Ukraine, the important role the United States (more...)

2014 Spending Plan Reflects U.S. Priorities

By Kathryn McConnell Staff Writer The United States will provide $49 billion in funding for 2014 commitments to allies, contributions to the United Nations and international organizations, the global fight against HIV/AIDS, and support for global Internet freedom programs. The annual foreign assistance funding legislation, signed in January by (more...)

City Narrows Field Of Potential PGW Buyers

Final candidates to receive additional detailed information. The Nutter administration announced today that it has narrowed the field of bidders seeking to buy the Philadelphia Gas Works (PGW). This decision was based upon indicative bids it received on November 1.  In August, more than 30 qualified parties responded to (more...)

US Airways & American Airlines are Merging

Mayor Michael A. Nutter released a statement regarding the settlement among the Department of Justice, state attorneys general, US Airways Group and American Airlines parent, AMR Corporation. Seven mayors—Philadelphia Mayor Nutter, Chicago Mayor Rahm Emanuel, Dallas Mayor Mike Rawlings, Fort Worth Mayor Betsy Price, Charlotte Mayor Patsy Kinsey and (more...)

Yellen Nominated to Succeed Federal Reserve Head Bernanke

President Obama, standing with Janet Yellen, vice chair of the Board of Governors of the Federal Reserve System, and outgoing Federal Reserve Chairman Ben Bernanke, announces October 9 that Yellen is his choice to succeed Bernanke as head of the nation's powerful central bank. Obama praised Bernanke, (more...)

New Cost-Benefit Study Shows Increased Value For Sale Of PGW

The City of Philadelphia released a cost-benefit study, authored by its financial advisor, that estimates a sale of the Philadelphia Gas Works (“PGW”) could generate net sales proceeds in the range of $422 million to $872 million for the City of Philadelphia. These funds would be used to bolster the (more...)

US Government Has Partially Shut Down

US government has partially shut down after the two houses of Congress failed to agree to a new budget. “They have shut down the government over an ideological crusade to deny affordable health insurance to millions of Americans.  In other words, they demanded ransom just for (more...)

Local Road Repairs and Building Projects Go Undone in Pennsylvania

Hearing highlights local financial problems and the costs to taxpayers Pennsylvania’s prevailing wage laws costs jobs, taxes and economic development according to municipal officials who testified before the House Labor and Industry Committee Thursday in State College.  Rep. Stephen Bloom (R-Cumberland), who presided over the meeting, said reform (more...)

5 Key Benefits of Frugal Living

The thought of frugal living can strike fear into the hearts of those who want to enjoy live. These are words that can conjure up images of sitting in a cold home with all the heating and lights switched off to save money and nothing to eat (more...)

Treasury’s Cohen Says to Tackle Tax Evasion, Know Real Owners

U.S. Under Secretary of Treasury for Terrorism and Financial Intelligence David S. Cohen said that the Group of Eight leaders and President Obama at the 2013 G8 Summit committed to tackle tax evasion and money laundering by requiring companies to know, and to allow law enforcement (more...)

PA House Republicans Outline Priorities With Budget Proposal

Pennsylvania House Appropriations Chairman Bill Adolph (R-Delaware County) introduced House Bill 1437, the House Republican budget proposal for Fiscal Year 2013-14. The proposal spends $28.3 billion, which is a $578 million or 2.1 percent increase over the current fiscal year. “The House budget proposal outlines priorities related to education, health and (more...)

Pennsylvania Film Tax Credit Program

Led by Sen. Lisa Boscola (D-Northampton) and Rep. Mike Sturla (D-Lancaster), the Senate and House Democratic Policy committees today held a joint hearing to discuss Pennsylvania’s film tax credit program and its affect on the state’s film and television industry. “Jobs and economic development (more...)

Treasury Secretary Affirms U.S. Support of World Bank

By Kathryn McConnell Staff Writer The Obama administration will continue to work with the World Bank and other multilateral institutions to promote global prosperity and to help low-income countries build resilience to climate change, Treasury Secretary Jacob Lew said in an April 19 statement to the Development Committee (more...)

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